| Wendt India-Envisaging A Bright Future BSE 505412; FY10 EPS Rs 50; Dividend-Rs 25 per share Promoter Stake 80 Per Cent; Public-20 per cent
Wendt India (A JV between the Murugappa Group and German Went) continues to focus on new products development in line with its strategy of providing technically superior products to its customers.
During the year, the Company has successfully introduced and tested several new products including Segmented wheels for refractory grinding, plated diamond wheels, PCD Notch milling tools, Steel bodies for glass grinding wheels and Brazed Diamond multi purpose Grinding wheel.
Wendt also successfully launched the following machines, CNC Surface Rotary Grinding WRS 600H Machine, CNC Guide Roll Grinder WGM20, CNC Notch Milling Machine. The three Broad Strategies of the Company continue to be: While the existing products would continue to be offered to the customers, new products and new applications development would be the focus.
Develop competitive edge by improving service. In order to focus and channelize its resources more effectively, the Company segmented its business into three verticals namely Super Abrasives, Machines & Precision components and International Business. In order to strengthen the customer the Company would bank on its knowledge base in grinding to achieve its objectives. Series of Seminars and Exhibitions planned would help in supporting the customer engagement. The Company has recently signed the technical to impose embargo on supplies to control exposure. collaboration agreement with M/S Delapena, UK for manufacturing of Honing machines. This would enable the company to further strengthen its competitive edge by offering "Complete Honing Solutions" also along with grinding solutions. The Company will continue to focus on opportunities for its products and services in other growing industries such as Auto Component, Infrastructure & infrastructure and human resource, accordingly. Construction, Steel, Defense & Aerospace.
Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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